DENVER, June 23, 2021 /PRNewswire/ -- Clough Global
Opportunities Fund (the "Fund") is pleased to announce the
successful completion of its rights offering, and the preliminary
results thereof. The Fund anticipates that it will issue a total of
5,664,853 new common shares on or about June
30, 2021 as a result of the rights offering which closed on
June 22, 2021 (the "Expiration
Date").
The foregoing numbers are estimates only. The Fund will announce
the final results of the rights offering in a press release on or
about June 30, 2021.
The subscription price of $11.59
per share was established on the Expiration Date based upon a
formula equal 95% of the reported market price per share, based on
the average of the last reported sales price of a common share on
the NYSE American for the five trading days preceding the
Expiration Date.
"We are very pleased to be able to allocate this additional
capital on behalf of the Fund's shareholders by strategically
investing in areas of the global markets which our analysis
identifies as well priced and well positioned, as we seek to
provide a high level of total return over time," said Mike Hearle, CEO and Co-Chief Investment Officer
at Clough Capital Partners L.P.
Chairman, Portfolio Manager and Co-Chief Investment Officer
Chuck Clough added, "these offerings
allow our team to continue to make new investments in innovative
sectors and timely trends without the need to reduce existing core
holdings at inopportune times."
The Clough Global Opportunities Fund
The Fund is a
closed-end fund with an investment objective of providing a high
level of total return. The Fund seeks to achieve this objective by
applying a fundamental research-driven investment process and will
invest in equity and equity-related securities as well as fixed
income securities, including both corporate and sovereign debt in
both U.S. and non-U.S. markets. The Fund's portfolio managers are
Chuck Clough and Rob Zdunczyk. As of May
31st, 2021, the Fund had approximately
$720 million in total assets. More
information, including the Fund's dividend reinvestment plan, can
be found at www.cloughglobal.com or call 877-256-8445.
Clough Capital Partners L.P.
Clough Capital, a
Boston-based investment advisory
firm which manages approximately $2.2
billion in assets as of May 31,
2021, serves as investment adviser to the Fund.
The Clough Global Opportunities Fund is a closed-end fund and
closed-end funds do not continuously issue shares for sale as
open-end mutual funds do. Since the initial public offering, the
Fund now trades in the secondary market. Investors wishing to buy
or sell shares need to place orders through an intermediary or
broker. The share price of a closed-end fund is based on the
market's value.
ALPS Portfolio Solutions Distributor, Inc., FINRA Member
Firm.
Clough Global Opportunities Fund (NYSE MKT: GLO)
1290
Broadway, Suite 1000
Denver, CO 80203
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SOURCE Clough Global Opportunities Fund